PowerUp Acquisition Correlations
| PWUPU Stock | USD 11.45 0.05 0.44% |
The current 90-days correlation between PowerUp Acquisition Corp and Playstudios is -0.09 (i.e., Good diversification). The correlation of PowerUp Acquisition is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
PowerUp Acquisition Correlation With Market
Good diversification
The correlation between PowerUp Acquisition Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PowerUp Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
PowerUp |
Moving together with PowerUp Stock
| 0.72 | PFLT | PennantPark Floating Rate Earnings Call This Week | PairCorr |
Moving against PowerUp Stock
| 0.4 | NMR | Nomura Holdings ADR | PairCorr |
| 0.33 | PT | Pintec Technology | PairCorr |
| 0.5 | ALTI | Alvarium Tiedemann | PairCorr |
| 0.37 | AX | Axos Financial | PairCorr |
| 0.42 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| -0.3 | 0.29 | 0.72 | 0.15 | 0.0 | 0.04 | MYPS | ||
| -0.3 | -0.21 | -0.58 | -0.04 | 0.0 | 0.19 | SHOO | ||
| 0.29 | -0.21 | 0.49 | 0.86 | 0.0 | -0.79 | PLYA | ||
| 0.72 | -0.58 | 0.49 | 0.31 | 0.0 | -0.25 | XPOF | ||
| 0.15 | -0.04 | 0.86 | 0.31 | 0.0 | -0.7 | SONO | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WHWRF | ||
| 0.04 | 0.19 | -0.79 | -0.25 | -0.7 | 0.0 | SKX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between PowerUp Stock performing well and PowerUp Acquisition Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze PowerUp Acquisition's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYPS | 2.32 | 0.11 | 0.05 | 0.15 | 2.75 | 5.80 | 14.58 | |||
| SHOO | 1.27 | (0.11) | 0.00 | (0.09) | 0.00 | 2.86 | 8.41 | |||
| PLYA | 1.33 | 0.26 | 0.18 | 0.29 | 1.14 | 3.23 | 9.17 | |||
| XPOF | 2.86 | 0.15 | 0.05 | 0.20 | 3.07 | 5.96 | 32.73 | |||
| SONO | 2.01 | 0.09 | 0.05 | 0.16 | 2.26 | 3.79 | 10.40 | |||
| WHWRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SKX | 1.56 | (0.16) | 0.00 | (0.31) | 0.00 | 3.71 | 13.33 |
PowerUp Acquisition Corporate Management
| Howard Doss | Chief Officer | Profile | |
| Bruce Hack | Ex Chairman | Profile | |
| Jack Tretton | CEO Director | Profile | |
| Michael Olson | Chief Officer | Profile | |
| Matthew Ball | Chief Officer | Profile | |
| Gabriel Schillinger | President | Profile |